Laura Jewett

Laura Jewett

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Closed

$450,000

($524,570 down)
FHA

1355 Orchid Drive, San Bernardino, CA 92404

6
4
2,310 sqft
PITI Monthly
$1,162.31 /mo

Listing courtesy of: JOE MARROQUIN, RE/MAX ADVANTAGE

Assumed Rate

10.2%
7.15%

Principal & Interest

$938 /mo
$710 /mo

What's Special

SHOPPING
SPACIOUS
PATIO

Opportunity knocks with this 3-bedroom, 3-bath fixer, perfect for the savvy cash investor. This spacious home boasts an expansive layout, featuring generously sized rooms, including a large living room as you enter leading to the kitchen complete with a walk-in pantry that opens to the nearby family room—an ideal open-concept living space. Each bedroom is nicely sized and uniquely features its own private bathroom. The property's true gem is its very private rear yard, complete with mature landscaping, multiple patio covers, large in ground pool, and a side yard with a storage shed. It's a backyard oasis just waiting to be restored to its former glory. Due to the unfinished condition of the primary bathroom, this home cannot be financed and is available for cash-only buyers. Indoor laundry room and 2 car attached garage. Conveniently located to nearby shopping, schools, and freeway access.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
10.2
Remaining Loan Term
Loan term completed
Monthly PITI
$1,162.31/mo
Estimated Loan Balance
$0
Cash to close
$524,570
Interest Paid
$232,540

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 4
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, Electric, Fireplaces
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Laminate, Tile

Exterior

Fencing
  • Fencing: Block, WroughtIron
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: InGround, Private

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Composition
Condition
  • Year Built: 1956
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights
HOA
  • Has HOA: No
Location
  • Region: San Bernardino

Financial Details

  • Price per Sqft: $194.81
  • Tax Annual Amount: $
  • On Market Date: 2024-08-30T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $524,570 (117%)
You can enter any amount below - secondary financing will cover the difference if needed.
117%
$

You cover the entire equity of $524,570!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage10.2% Sellers Rate
-$74,570
Your Cash:$524,570
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 10.2%
$938/mo
Traditional @ 7.5%
$736/mo
You save $-202/month ($-2,419/year)

*Secondary financing rates are an estimated value based on input

MLS ID: EV24178189

Listing From:

Last updated: 2024-12-05T05:14:00.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

10.2%
7.15%

Principal & Interest

$938 /mo
$710 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $524,570 (117%)
You can enter any amount below - secondary financing will cover the difference if needed.
117%
$

You cover the entire equity of $524,570!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage10.2% Sellers Rate
-$74,570
Your Cash:$524,570
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 10.2%
$938/mo
Traditional @ 7.5%
$736/mo
You save $-202/month ($-2,419/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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